SENIOR LOAN ADMINISTRATOR
Why Merus
Formerly known as Al. Neyer Merus combines more than 130 years of commercial real estate expertise with an integrated team of company owners. We specialize in the construction development ownership and management of a diverse portfolio of real estate assets across a growing footprint in the eastern U.S.
Were all owners here. This not only sets us apart but deeply influences our culture and operations. Every team member demonstrates adeeper sense of ownership and accountabilityin both their daily tasks and the collective success of the organization. Learn more about our culture at www.merus1894.
Summary of Responsibilities
As a key member of the Real Estate Finance team the Senior Loan Administrator manages funding and administrative tasks associated with construction projects from preclose through completion. This role includes managing project budgets coordinating loan advances and submitting required documentation to ensure compliance with loan terms.
Essential Job Functions
- Prepare draw requests of hard and soft costs with all applicable support
- Oversee funding administration and interest payments
- Monitors construction budgets to ensure they align with loan terms and conditions
- Review construction loan documents ensuring compliance with internal policies
- Escalate discrepancies and drive solutions through various parties
- Seeks approvals from lenders for changes to budgets change orders and other various forms
- Communicate with lenders contractors and internal teams
- Assist in invoicing and closing processes
- Handle daily communications and submitting reporting to lenders
- Manages reporting and KPIs on accuracy and efficiency of loan draw process
Position Requirements
- Proven ability to quickly adapt to changing priorities and acts with urgency
- Solid process management skills: ability to design implement and monitor processes
- High attention to detail and ability to meet deadlines while managing multiple projects and competing priorities
- Ability to collaborate communicate and influence across internal business functions and external stakeholders
Qualifications and Experience
- Minimum of 5 years of experience in loan administration construction loan administration strongly preferred
Safety Hazard of the Job
Normal safety hazards associated with office work and with occasional observational visits to construction sites.
Physical Demands
Low physical effort required to sit stand at files bend stoop lift and walk. Maximum unassisted lift is 35 lbs. Average lift is less than 10 lbs. Requires ability to use a keyboard and monitor. Also requires the ability to communicate verbally both in person and on the telephone.
Environmental Requirements
Average inside office environment.Average office noise levels. No personal protective equipment is required. Ambient temperature is between 68F and 76F.
This job description is not intended to be allinclusive. The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required. This job description is not a contract or offer for employment and either you or Merus may terminate employment at any time for any reason.